The only people crying are those who invested more than they could afford to lose. The crypto market is risky, but it really depends on the coin you have invested in. If you invest in already established coins with great fundamentals then you don't have to worry about the safety of your money.
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Is this a joke? Ethereum isn't ran by a company that it is officially dead. It is a decentralized currency which is ran by everyone and not a single entity. So even if someone declares it dead it isn't until no one is using it. And the whole crypto market is going through a volatile period, does that mean the crypto market is dead too?
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No matter how good MEW might be or how easy it might be to use MEW you shouldn't risk all your coins to a web wallet. Web wallets are under constant hacking attempts from hackers and the chances of them getting hacked is very high. So it is on you if you are OK with risking all your coins to an online wallet.
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Well the thing that got me interested was money but now I am in for the technology and the revolution it is going to bring in this world. The idea of being the sole owner of your money is something that is very fascinating for me. The anonymity and privacy it gives me in online transactions is something that you can't get with debit/credit cards.
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Well first thing Bitcoin is not a stock. There is a fixed supply of Bitcoin and its called coins or if you want to go in shorter denomination than you can call it Satoshis.
Yes hodling bitcoin affects its price as it reduces the selling pressure from the markets and this raises its price.
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Well frankly speaking Bitcoin was never a ponzi scheme to start with. Ponzi schemes don't have a working product with real world use cases, they just have pyramid schemes. Bitcoin is only called ponzi by those who didn't get in early into Bitcoin and missed the crazy returns it gave to everyone.
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And who said it? It doesn't matters if some guy creates FUD against bitcoin cause no single person or government organization controls it and saying things like Bitcoin wont be Global currency doesn't affects Bitcoin at all. It is going to be a global currency and there is nothing in the world stopping it from becoming one.
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Microsoft wouldn't buy it cause its employees use Github and store their private data, they had enough resources to create a platform like Github themselves. But they bought Github cause it is already famous and for its large user base. If they started fresh than they wouldn't had been able to create a successful platform like Github now.
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I think the most secure way to keep your Bitcoins safe from hackers is to store them in a hardware wallet or a paper wallet. And if you cant afford a hardware wallet than using a separate OS for Bitcoin wallets would be a much better option. Only do Bitcoin related transactions like sending and receiving in it and don't use that OS for any other thing.
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No, it isn't that easy. You need to do your own research and pick the best coins which have strong fundamentals and are going to give you nice returns in the long term. A person is going to get a better return if he hodls his coins than from someone who trades. Also be ready to hodl if the markets enter a multi year bear phase.
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You yourself had the experience of gaining an awesome return for hodling your coins for three months. Currently only the hodlers are going to get serious returns on their investment while the market isn't good for the traders. Trying to trade in a bear market is like going against the stream and it isn't easy to trade.
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Yes, hardware wallet is more secured than any other wallet one can think of and it puts the user's mind at rest, because, he has nothing to fear. We have always been receiving the news of attack on MEW. Just recently, it was an attack on the DNS. Which i think might happen again.
I agree that hardware wallet is the most secure way of storing your Ethers, but hardware wallets isn't an option for everyone as it isn't a free option and costs money which might be a huge amount for someone. Although I would say that using web wallets isn't a good option and everyone should avoid them and go with the official desktop wallet instead.
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#Join Proof of Authentication Campaign: Signature
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Frankly speaking technical analysis doesn't usually works in the crypto markets and the beginners don't need technical analysis. They just need to understand to do their own research like check the dev team of the coin, if the coin has any value and if it isn't over valued, if it has any real world use cases, etc.
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Well for now the prices of altcoins is dependent on Bitcoin only, but I'm sure as Ethereum grows the prices of altcoins will get coupled with Ethereum too. But what would be good for the crypto environment is that altcoins decouple their prices from BTC and ETH as they need to be independent and should be priced based on their value.
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OK and why should we trust you? So that we would panic sell our coins and the market would drop so that you could buy in cheap. Predicting the price isn't easy and saying a hard figure is not easy at all. Without some proof or technical analysis no one is going to believe you, you are just creating FUD this way.
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Well no one can predict something in the crypto world with so much surety. Yeah the markets could enter into a multi year bear phase but only time will tell if that turns out to be true. But given for how long the last rally lasted and how high it went you could be right too. Or the markets could take a U turn and get back in the bull phase again due to the new money entering the markets.
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Ethereum is a coin with real world use cases and there are so many uses of the Ethereum platform that the potential of its success is huge. Also the devs have been consistent with the road map and have always over delivered. There is also continuous innovative development work going on always.
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What do you mean by in the next year. Do you mean that you are planning to mine altcoins next year? Cause if that is the case than let me clear it to you that you are already too late to the party and waiting till next year is going to be of no use as mining would most likely be replaced with something much better like POS or DAG tech.
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2020 is very far away in crypto years as time moves really fast in the crypto markets and two years is a lot. However just wait for the Plasma, sharding and Proof of Stake to release and you can see the fireworks in the Ethereum price.As so much good development updates are going to skyrocket the Ethereum price. It should easily be at $50k range by then.
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